What is an income statement waterfall?

An income statement waterfall is a bar chart that walks from total revenue down to net income, with each step showing how much a cost or tax line removes (or adds). Subtotals — gross profit, operating income, pre-tax income — are anchored to zero so the cascade reconciles exactly to the bottom line.

How much of Mettler Toledo (MTD) revenue becomes net income?

For TTM through Q1 2026, Mettler Toledo turned $4.09B of revenue into $875.06M of net income — a net margin of 21.4%. The waterfall shows where the rest goes: cost of revenue, operating expenses, non-operating items, and taxes.

What are Mettler Toledo (MTD) gross, operating, and net margins?

For TTM through Q1 2026, Mettler Toledo reported a gross margin of 57.8%, an operating margin of 28%, and a net margin of 21.4%. Each subtotal in the waterfall corresponds to one of these margins.

Why does Mettler Toledo (MTD) have such a high (or low) gross margin?

Gross margin (gross profit ÷ revenue) reflects how much of each revenue dollar remains after direct production costs. Capital-light software and platform businesses often show gross margins above 60–80% because their cost of revenue is mainly hosting and support. Hardware, retail, and commodity businesses show lower gross margins because raw materials and manufacturing costs are significant. The waterfall makes this visible at a glance — the size of the "Cost of Revenue" bar relative to Revenue is the gross margin complement.

What is the difference between gross, operating, and net margin?

Gross margin = (Revenue − Cost of Revenue) ÷ Revenue. It measures production efficiency. Operating margin = Operating Income ÷ Revenue. It adds operating expenses (R&D, S&M, G&A) and measures the profitability of core operations. Net margin = Net Income ÷ Revenue. It also includes interest, other income/expense, and taxes, and represents the shareholder take after everything.

Mettler Toledo (MTD) Income Statement Waterfall

Revenue

$4.09B

Gross Margin

+57.8%

Operating Margin

+28.0%

Net Margin

+21.4%

Income statement waterfall for Mettler Toledo (MTD) — TTM through Q1 2026

Net income: $875.06M

Margin breakdown for Mettler Toledo (MTD) — TTM through Q1 2026

Line item	Amount	Running total
Revenue	$4.09B	$4.09B
Cost of Revenue	−$1.73B	$2.36B
Gross Profit	$2.36B	$2.36B
Operating Expenses	−$1.22B	$1.15B
Operating Income	$1.15B	$1.15B
Other Income / Expense	−$88.54M	$1.06B
Pre-tax Income	$1.06B	$1.06B
Income Tax	−$181.56M	$875.06M
Net Income	$875.06M	$875.06M

Revenue$4.09B
Cost of Revenue−$1.73B
Gross Profit$2.36B
Operating Expenses−$1.22B
Operating Income$1.15B
Other Income / Expense−$88.54M
Pre-tax Income$1.06B
Income Tax−$181.56M
Net Income$875.06M

Want to see what changed vs last year?Profit Bridge

Frequently asked questions

Data & methodology

Mettler Toledo (MTD) Key Financials

Charts, filings, and peer comparison for every metric

Explore more

Deep-dives across the income statement, cash flow, capital return, and valuation

Overview

MTD Overview

Counters

Income Statement

Cash Flow

Capital Return

Buybacks3.08% TTM

No dividends or stock splits on record for this company.

Forecast & Valuation

Income statement waterfall for Mettler Toledo (MTD) — TTM through Q1 2026

Margin breakdown for Mettler Toledo (MTD) — TTM through Q1 2026

Frequently asked questions

+What is an income statement waterfall?

+How much of Mettler Toledo (MTD) revenue becomes net income?

+What are Mettler Toledo (MTD) gross, operating, and net margins?

+Why does Mettler Toledo (MTD) have such a high (or low) gross margin?

+What is the difference between gross, operating, and net margin?

Data & methodology

+What is this view?

+How to read this waterfall

+How is the data calculated?

+What is the USD toggle?

Mettler Toledo (MTD) Key Financials

Explore more